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  North Lawrence, Ohio 44666
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Carbon & GHG Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Trading Volume

the total number of purchases of a commodity during a specific period of time (trading period) typically reported as the total transactions for one trading day.

UNFCCC or FCCC (UNFCCC)

United Nations Framework Convention on Climate Change


VER – Verified Emission Reduction (VER)

emission reductions that are created outside of the procedures and methodologies for Certified Emission Reductions (CERs) defined by the Clean Development Mechanism of the Kyoto Protocol. International companies trade in these reductions.


Verified Carbon Standard (VCS) (VCS)

a program (the “VCS Program”) developed to provide a global standard and validation and verification program for voluntary Greenhouse gas offsets.


Western Climate Initiative (WCI) (WCI)

an international initiative of states and provinces along the western rim of North America to combat climate change caused by global warming. Partners include: the U.S. states of Arizona, California, Montana, New Mexico, Oregon, Utah, and Washington, and the Canadian provinces of British Columbia, Manitoba, Ontario, and Quebec.


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